EU SELLS INCOMING. Looking at structure we are looking to go short on eu.
Looking at our minor swing stucture, we can see we are still bullish, breaking the low would fake everyone out and then to run the highs would be a move that i could see happening.
Upon further inspection, It looks like GJ wants to go higher, following major intraday structure. Orange circles, we are reacting off 2week SC Open.
So we can see we hit our intraday inefficiency. We gave two nice legs to the downside. Expecting a small slow recovery up and then price to die.
So for the past week, we have continued to move up correctively, No only that, but we solidified our swing high essentially by breaking major intraday structure. What does this mean?? This means the low that failed to create the a new high is now seen as a target. That isn't the only thing that makes it a target. We also have equal lows. We are reacting to...
So my last post was a bullish buy, being that we didnt get a nice push up before market close, I will be looking to short next week right away. Structure to upside not strong enough.
Quick intraday IDEA for eu. We see we are breaking highs which means the highs are weak. So we look for longs.